October 2017 - Page 58 of 215 -

NZD/USD’s Bearish Movement Extended To 0.6931

Oct 24, 2017 Jeremy Parkinson Finance 0

NZD/USD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817. NZD/USD Daily Chart On the 4-hour chart, the NZD/USD pair traded within a bearish price channel. The price just bounced off the bottom trend line, suggesting […]

Why One Trader Thinks The ECB Is About To Send The Euro Sliding

Oct 24, 2017 Jeremy Parkinson Finance 0

Don’t assume the euro will rally when the ECB makes its expected “hawkish” announcement of QE taper plans, according to Bloomberg FX commentator Vassilis Karamanis. In fact, there’s an argument for the opposite occurring. Karamanis explains why the most anticipated move in the markets on Thursday may again be a fade. Euro Bears May Get […]

Real Toppy

Oct 24, 2017 Jeremy Parkinson Finance 0

I’ve presently got fifty-seven different equity short positions. That sounds insane given what the market is doing, but there you have it. I wanted to share a few of them form the real estate sector that I think are particularly intriguing:

USD/CAD Marches To Monthly Highs Ahead Of BoC

Oct 24, 2017 Jeremy Parkinson Finance 0

Tomorrow brings a Bank of Canada rate decision, and this brings some light to what had been one of the strongest USD-trends in 2017. When the Bank of Canada hiked interest rates for the first time in over seven years in July, the Canadian Dollar drove on a spate of strength that lasted for the […]

McDonald’s Corporation 3Q17 Earnings In Line With Estimates

Oct 24, 2017 Jeremy Parkinson Finance 0

McDonald’s Corporation (NYSE:MCD) 3Q17 earnings were released before opening bell this morning. The fast food restaurant operator reported adjusted earnings of $1.76 per share on $5.76 billion in revenue, versus the consensus estimates suggesting earnings of $1.76 per share on $5.75 billion in sales. In last year’s third quarter, McDonald’s reported earnings of $1.62 per […]

Canada Unprepared For The Payback Period

Oct 24, 2017 Jeremy Parkinson Finance 0

The thing about economic expansions is that people are supposed to work, pay down debt and build up savings, so that they can ride out the economic downturn that follows. Canadians have done the opposite over the past 8 years, and now approach 2018 with the highest debt and lowest cash savings in decades. A […]

Global Tensions Escalate As North Korea Sends Communication To The West

Oct 24, 2017 Jeremy Parkinson Finance 0

North Korean Communication Tensions between the US and North Korea have escalated following the release of a letter, believed to be written by the Foreign Affairs Committee, which urges “sharp vigilance” towards the “heinous and reckless” Trump administration. The letter, which was reported by the Australian Foreign Minister after it was received at the […]

Short-Term Rational, But Intermediate-Term Irrational

Oct 24, 2017 Jeremy Parkinson Finance 0

Don’t look at the left side of the chart on an empty stomach This will be a short post. At present the expected 10-year rate of total return on the S&P 500 is around 4.05%/year. We’re at the 94th percentile now. The ovals on the graph above are 68% and 95% confidence intervals on what the […]

Kiwi Dollar Loses Momentum

Oct 24, 2017 Jeremy Parkinson Finance 0

The New Zealand Dollar, familiarly known as the Kiwi, was the G10 currency market’s biggest mover today and struck a fresh 5-month trough against the US Dollar. That low came in the wake of the incoming government’s outline of its anticipated policy changes which many investors view as unfriendly toward foreign investment given a ban […]

General Motors Company 3Q17 Earnings Boost Shares

Oct 24, 2017 Jeremy Parkinson Finance 0

GM 3Q17 earnings were released before opening bell this morning. The automaker reported adjusted earnings of $1.32 per share on $33.6 billion in sales, while analysts had been expecting earnings of $1.12 per share on $33.72 billion in revenue. In last year’s third quarter, General Motors reported earnings of $1.72 per share on $42.8 billion […]